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The Crypto Basic
June 3, 2026 3:31 PM UTC

Vancouver Staff Say Bitcoin Reserve Plan Violates Law, Urge Council to Drop Proposal

Vancouver Staff Say Bitcoin Reserve Plan Violates Law, Urge Council to Drop Proposal

A proposal to add Bitcoin to Vancouver’s municipal reserves has hit a legal wall, with city staff advising council to abandon the initiative entirely. The recommendation comes ahead of a March 10 council meeting, where officials will consider closing a 2024 motion that explored turning Vancouver into a “Bitcoin-friendly city.” The plan was championed by Mayor Ken Sim, who had pushed for the city to study allocating part of its financial reserves into the digital asset. Visit Website

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